Schroder REIT shareholders greenlight fresh sustainability objective

At extraordinary general meeting

Schroder Real Estate Investment trust (SREI) shareholders have approved changes to its investment policy and objective, which will put sustainability "at the centre" of its investment proposition.

In an extraordinary general meeting last week (15 December), 82.7% of votes were cast in favour of the proposal. The changes, which were proposed last month, will see the trust adopting a sustainability improvement and decarbonisation strategy focused on adapting existing buildings, enabling it to respond to the UK's net zero objectives. Schroder REIT proposes investment objective change and variable fee structure A change in fee structure for the investment manager will also be introduced, with a five basis point increase or decrease in management fee dependant on sustainability a...